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Advisor workflow support solution Hubly has been acquired by Docupace, which suggests that Hubly might have struggled to gain a critical mass of users as a solution to help solve the shortcomings of advisor CRM systems' workflow capabilities – especially given that the price of Hubly was often as much or more expensive than the CRM platforms (..)
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Develop a risk management plan to implement strategies that minimize or eliminate risks, and protect your business with appropriate insurance coverage, such as liability, property and business interruption insurance. Get Help with TaxPlanningTaxplanning is a critical component of financial management.
Read the analysis about these announcements in this month's column, and a discussion of more trends in advisor technology, including: Brand design consultancy firm Intention.ly
Holistic Financial Management Beyond investment advice, financial advisors offer comprehensive services such as taxplanning, estate planning, and risk management. This support can be important in maintaining discipline and making rational decisions amidst market fluctuations.
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Advisor workflow support solution Hubly has been acquired by Docupace, which suggests that Hubly might have struggled to gain a critical mass of users as a solution to help solve the shortcomings of advisor CRM systems' workflow capabilities – especially given that the price of Hubly was often as much or more expensive than the CRM platforms (..)
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Bunching strategies Bunching strategies are taxplanning techniques used to maximize deductions by combining multiple years’ worth of deductible expenses into a single tax year. The Residential Clean Energy Credit offers up to 30% back on installation costs, helping reduce both your tax liability and energy expenses.
The hours spent managing administrative tasks , following up on missing paperwork, and ensuring compliance take away from time that could be spent on higher-value taxplanning services. From a business perspective, automation enables tax firms to grow without adding more staff.
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In one of my periodic e-messages to my mailing list (more than 8,000 advisors currently) I repeated a complaint that I constantly hear from Joel Bruckenstein and other leading tech consultants. My take is that its become too easy for the software companies and consultants to complain about slow tech adoption in the advisor marketplace.
For audit-ready best practices, consider consulting with a tax professional in real-time, especially for mixed business and personal expenses. This represents a significant change from previous years’ higher percentages, making strategic timing of asset purchases increasingly important for taxplanning purposes.
Article is a general communication only and should not be used as the basis for making any type of tax, financial, legal, or investment decision. Darrow Wealth Management doesn’t provide tax advice; consult your tax advisor to discuss your personal situation. . that could increase the tax due from the surtax.
Determining the fair market value of stock options, for example, can be time-consuming, with a tax extension allowing individuals to make sure theyre maximizing the potential tax benefits of their equity compensation. Other forms of tax extension Extensions for people living abroad: U.S. Citizens and Resident Aliens Abroad.”
A good rule of thumb is to set aside at least 30% of every payment you receive to cover your estimated tax obligationshowever, this percentage may need to be adjusted based on your individual tax bracket. On the whole, its advisable to consult a tax adviso r to develop a dependable taxplan.
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The credit amount varies based on household income, family size, and the flexibility in how it is claimed, either as an advance credit that reduces monthly premiums or when filing taxes. Working with a qualified tax professional can help identify all applicable deductions and credits tailored to your unique financial circumstances.
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The information provided is not intended to be a substitute for specific individualized taxplanning or legal advice. We suggest that you consult with a qualified tax or legal professional. All indices are unmanaged and may not be invested into directly. an affiliate of LPL Financial.
To determine which investment(s) may be appropriate for you, consult a financial professional prior to investing. The information provided is not intended to be a substitute for specific individualized taxplanning or legal advice. We suggest that you consult with a qualified tax or legal advisor.
By Mike Valenti, CPA, CFP ® , Director of TaxPlanning It’s that time of year again! W-2s, 1099s and mortgage statements have been to hit your mailbox: a daily reminder that it is, once again, Tax Season. Overall, it was a relatively quiet year on the tax front. Please consult with your tax professional!
Add keywords your audience might use, like Financial Advisor | Retirement Planning or “Wealth Management | TaxPlanning.” I help teachers plan their future Book a call Gen Z Money Coach Helping students crush debt & grow wealth. “ Helping Gen X professionals retire smart with personalized planning.
Pursuant to IRS Circular 230, it is not intended to provide specific legal or tax advice and cannot be used to avoid penalties or to promote, market, or recommend any taxplan or arrangement. You are encouraged to consult your personal tax advisor or attorney.
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It suits professionals such as lawyers, accountants, consultants, and small business owners who prefer shared decision-making and profit-sharing arrangements. Additionally, partnerships are beneficial for family businesses or groups of investors who want to combine their efforts while maintaining a straightforward tax structure.
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I am a CFA® charterholder and financial advisor marketing consultant. Just say, “ I was researching this company and I know that taxes have just onge up in the local area. I just wanted to come in and do a seminar about how to do taxplanning in XYZ County. And now – onto the show!
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